According to related forecasts, the market for MicroLED displays is expected to grow at an alarming rate in the next six years. According to data provided by Research and Markets, an international market research organization, some markets will come from smart watches and include augmented and virtual reality, smart phones, televisions, humanitarian use devices (HUDs), digital signage, laptops, and monitors. NTE equipment and general and automotive lighting applications.
The research organization predicts that the global MicroLED display market will soar from US$600 million in 2019 to US$20.5 billion in 2025, with an average compound annual growth rate of 80.1%. The factors that drastically increased this huge demand include the demand for brighter, more energy-efficient display panels for smart watches, mobile devices and NTE (AR / VR) devices. Consumer electronics companies, Apple, Samsung and Sony all showed their interest in MicroLED display technology.
However, the company expects the growth of the OLED display market, the lack of existing supply chains for MicroLED, and the distributed patent portfolio that will inhibit the growth of the MicroLED display market.
After investigating the current manufacturing capabilities, prototype development, and participation of large electronics companies, the market research agency stated that MicroLED smart watches and NTE equipment may shift from the prototype development stage to actual product production in 2019. The MicroLED display market in NTE equipment is expected to achieve the highest CAGR between 2019 and 2025. Because the brightness and resolution of MicroLED display technology is the main driving force for its use in NTE equipment.
It is worth noting that AR equipment needs high resolution and high brightness to truly reflect the real world. In addition, these displays are the fast response time characteristics required for AR and VR applications. Potential VR applications using this technology may include gaming, entertainment, research, and training.
It is estimated that from 2019 to 2025, the Asia-Pacific region gathered by major brand manufacturers, LED foundries and display panel makers will occupy the global MicroLED display market. In 2025, Samsung, Sharp, Panasonic, LG, Sony and other companies will become the main demanders for MicroLED display panels.
More attention:YIKESHU
The research organization predicts that the global MicroLED display market will soar from US$600 million in 2019 to US$20.5 billion in 2025, with an average compound annual growth rate of 80.1%. The factors that drastically increased this huge demand include the demand for brighter, more energy-efficient display panels for smart watches, mobile devices and NTE (AR / VR) devices. Consumer electronics companies, Apple, Samsung and Sony all showed their interest in MicroLED display technology.
However, the company expects the growth of the OLED display market, the lack of existing supply chains for MicroLED, and the distributed patent portfolio that will inhibit the growth of the MicroLED display market.
After investigating the current manufacturing capabilities, prototype development, and participation of large electronics companies, the market research agency stated that MicroLED smart watches and NTE equipment may shift from the prototype development stage to actual product production in 2019. The MicroLED display market in NTE equipment is expected to achieve the highest CAGR between 2019 and 2025. Because the brightness and resolution of MicroLED display technology is the main driving force for its use in NTE equipment.
It is worth noting that AR equipment needs high resolution and high brightness to truly reflect the real world. In addition, these displays are the fast response time characteristics required for AR and VR applications. Potential VR applications using this technology may include gaming, entertainment, research, and training.
It is estimated that from 2019 to 2025, the Asia-Pacific region gathered by major brand manufacturers, LED foundries and display panel makers will occupy the global MicroLED display market. In 2025, Samsung, Sharp, Panasonic, LG, Sony and other companies will become the main demanders for MicroLED display panels.
More attention:YIKESHU
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